TMP Stock | | | USD 68.77 4.87 6.61% |
Tompkins Financial financial indicator trend analysis is much more than just breaking down Tompkins Financial prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tompkins Financial is a good investment. Please check the relationship between Tompkins Financial Short Long Term Debt and its Short Term Debt accounts. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tompkins Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
To learn how to invest in Tompkins Stock, please use our
How to Invest in Tompkins Financial guide.
Short Long Term Debt vs Short Term Debt
Short Long Term Debt vs Short Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Tompkins Financial Short Long Term Debt account and
Short Term Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Tompkins Financial's Short Long Term Debt and Short Term Debt is 0.4. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Tompkins Financial, assuming nothing else is changed. The correlation between historical values of Tompkins Financial's Short Long Term Debt and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Tompkins Financial are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Short Long Term Debt i.e., Tompkins Financial's Short Long Term Debt and Short Term Debt go up and down completely randomly.
Correlation Coefficient | 0.4 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.
Short Term Debt
Most indicators from Tompkins Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tompkins Financial current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Tompkins Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
To learn how to invest in Tompkins Stock, please use our
How to Invest in Tompkins Financial guide.At this time, Tompkins Financial's
Selling General Administrative is relatively stable compared to the past year. As of 12/19/2024,
Sales General And Administrative To Revenue is likely to grow to 0.63, while
Tax Provision is likely to drop slightly above 3.7
M.
Tompkins Financial fundamental ratios Correlations
Click cells to compare fundamentals
Tompkins Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tompkins Financial fundamental ratios Accounts
Pair Trading with Tompkins Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tompkins Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tompkins Financial will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Tompkins Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tompkins Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tompkins Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tompkins Financial to buy it.
The correlation of Tompkins Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tompkins Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tompkins Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tompkins Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation MatchingAdditional Tools for Tompkins Stock Analysis
When running Tompkins Financial's price analysis, check to
measure Tompkins Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tompkins Financial is operating at the current time. Most of Tompkins Financial's value examination focuses on studying past and present price action to
predict the probability of Tompkins Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tompkins Financial's price. Additionally, you may evaluate how the addition of Tompkins Financial to your portfolios can decrease your overall portfolio volatility.